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What is the CNPJ number used in Brazil? Starting a business abroad requires knowledge of the regulations in the destination country. Tax regulations play a particular role. Each country has different methods of identifying entities for tax purposes, as well as different rules for their enforcement. An example of a popular country is Brazil. It is a frequent tourist destination for many people from all over the world. Therefore, by doing business in Brazil, one can hope to increase revenue from the sale of the products offered.
Very important registries – CPF and CNPJ
The most significant issue related to Brazilian tax laws is to familiarize yourself with the registries systems of individuals and companies. There are two main registries in the country, referred to by the acronyms CPF and CNPJ. The first is the Cadastro de Pessoas Físicas, or registry of individuals. Entrepreneurs will be more interested in the CNPJ, or Cadastro Nacional da Pessoa Jurídica. This means the national registry of legal persons. It is only after obtaining a CNPJ number that a company can obtain its own identification number, which is necessary to do business.
Characteristics of identification numbers
The identification numbers of the various registers differ, and the easiest way to recognize them is to check the number of digits recorded. The CNPJ number is longer and consists of 14 digits, while the CPF has only 11 digits. It is worth remembering that both numbers are also stored in the form of digital certificates, which have a limited lifetime. The validity period ranges from one to three years. They can be stored on a mobile device as well as on a computer in the form of a token for data storage.
General information on the company
Having already understood what is the CNPJ in Brazil, it is worth emphasizing that this is not a random number. Knowing only this number gives us access to basic information about registered companies. CNPJ number consists of 14 digits, which are divided into 3 essential parts. The first 8 digits define the registration number, which is unique for each entity. The next 4 digits are the designation of the company’s registered office or branch. For the first case, the code 0001 is used, for the second case 0002 or larger digits denoting further branches of the company concerned. The last 2 digits of the CNPJ number are check digits. They are used to verify the validity of the whole identification number.
What are the benefits of acquiring a CNPJ number?
As a condition for obtaining a CNPJ number, the company must be registered with the State Board of Commerce. This is tantamount to appointing a legal representative to handle the company registration process. Subsequently, the CNPJ number can already be obtained from the Federal Revenue Bureau. This number is registered with the Brazilian Central Bank, making it possible to carry out the registration procedure in the local municipality and obtain the licences required to operate the business. This solution ensures that the company is free to use the services available in Brazil and reduces the possibility of tax fraud.
Favourable cooperation with an accounting office
Obtaining a CNPJ number may seem to be difficult. However, it can be simplified by opting to use the services of an accounting firm. There are now many companies on the market offering assistance in this area, as well as comprehensive advice and consultation on tax issues. One such office is INTERTAX. For more information on the services available and the CNPJ in Brazil, you can visit the website at: https://polishtax.com/what-is-cnpj-in-brazil/. Such activities make it possible to be sure that the business will always be operated in accordance with the regulations in force. The entrepreneur will not be exposed to problems that could reduce revenue from the sale of products in Brazil.